Ashtead £63m deal marks ninth acquisition as it opens new base
Aberdeen’s Ashtead Technology confirmed it has completed its ninth acquisition in seven years as it picked up Seatronics and J2 Subsea.
mergers and acquisitions (M&A)
Sidara steps away from takeover as Wood shares collapse
Wood's share prices have dropped by almost 40% since Sidara announced it was stepping away from its takeover bid.
Wood pushes back Sidara takeover bid deadline again
Wood (LON:WG) has pushed back the "put up or shut up" date for Sidara's takeover bid by a week as discussions "remain ongoing."
Wood’s ‘prospects are improving, but there is still some way to go’
Following Wood’s (LON: WG) latest trading update, shareholders will need evidence of improvement before another takeover bid is rejected, said RBC Brewin Dolphin.
NEO merger would fit Repsol ‘quite nicely,’ says analyst
A rumoured tie-up between Repsol and NEO Energy would be a good fit for the Spanish firm which has one of the biggest decommissioning liabilities in the North Sea, an analyst has said.
Integrity HSE expands as it completes first acquisition
Consultancy firm Integrity HSE has made its first acquisition 14 months after opening its doors.
Job cut countdown over Harbour Wintershall DEA takeover
Wintershall Dea’s outgoing chief executive, Mario Mehren has spoken out about looming job cuts coming from Harbour Energy's takeover.
US billionaire Chouest snaps up Aberdeen’s ROVOP
The group owned by US billionaire Gary Chouest has bought up Aberdeen-headquartered ROVOP, a specialist in remotely operated vehicles (ROVs).
UK competition watchdog launches inquiry into oil and gas seismic merger
The merging of seismic firms PGS and TGS hangs on UK competition watchdog approval after Norway gave the green light.
Wintershall aims to appoint new leadership following Harbour takeover
Following government approval of Harbour Energy’s $11.2bn takeover of Wintershall Dea, the German energy firm looks to appoint a new chairman.
Is the UK missing a ‘Tier One’ service provider for renewables?
As the UK pushes forward with its energy transition ambitions OEG Renewables wants to see domestic "Tier One" contractors in green energy.
ADNOC considered takeover of BP
Abu Dhabi National Oil Company (ADNOC) had been looking into a potential takeover bid for BP (LON: BP), however, the firm has decided against the move.
‘Definite potential’ for NEO acquisition but ‘risk’ to buyer
As rumours of Aberdeen’s NEO Energy going up for sale circulate, analysts say “there's definite potential there but this does come with risk”.
Early expert support key to keeping afloat
While the M&A market has faced its challenges, it has largely held up during the last 12 months, with many corporate finance advisers reporting, perhaps unexpectedly so, that they have experienced a strong deals flow throughout the year.
Ithaca to become UK reserves powerhouse with Eni deal – analysis
The potential Ithaca Energy (LON: ITH) combination with Eni’s UK assets stands to bring the firm's reserves above that of Harbour Energy, according to analysis.
Boyden acquires FWB’s Aberdeen energy practice
Talent advisory firm Boyden has acquired FWB's energy practice in Scotland for an undisclosed sum.
Shell to cut about 20% of jobs in deals team amid push for cost savings
Shell (LON: SHEL) will eliminate at least 20% of jobs in its deals team as the company continues to restructure its business units in an effort to reduce costs, according to people with knowledge of the matter.
Aurora Energy Services looks to Australia for next acquisition
Following a successful 2023 when it acquired three Scottish companies and another in the United States Aurora Energy Services is looking down under.
UK North Sea acquisitions are Waldorf’s focus for 2024
Waldorf Production has outlined its goals for the coming financial year, including its UK M&A ambitions.
North-east’s HPR ROV acquired by Subtron Group as jobs ‘safeguarded’
North-east business HPR ROV has been acquired by Subtron Group for an undisclosed sum as the business vows to ‘ safeguard’ its Thainstone team.
Aberdeen’s Sentinel Marine acquired by Singapore wind vessel operator
Singapore wind vessel operator, Cyan Renewables, has announced its acquisition of a 75% stake in Aberdeen’s Sentinel Marine.
New acquisition for Aberdeenshire training firm AquaTerra
Bon-Accord Training will keep its name as it looks towards 'new opportunities'.
Centurion Group looks to ‘handsomely exceed’ pre-tax earning goals
Aberdeen headquartered Centurion Group has carried out four acquisitions this year, increasing the firm’s forecast pre-tax earnings.
Ashtead Technology acquires Ace Winches for £53m
Ashtead Technology has acquired fellow north-east energy services firm ACE Winches in a multi-million-pound deal.
Investment firm Inspirit Capital acquires CWind
UK-based Investment firm, Inspirit Capital, has completed its acquisition of CWind, an offshore wind support services business from Global Marine Group.